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Layoffs are a last resort, administrators say.
The college is also sounding an alarm about its long-term financial health.
One report warns of the risk of “diminishing long-term financial health resulting from the use of capital reserves to offset the losses associated with the COVID-19 pandemic, and the likelihood of inadequate government support to offset the direct losses.”
Enrolment estimates are best guesses. It’s unclear how many international students will be willing or able to leave their home countries or begin courses online at Algonquin next school year.
The college had planned for 23 per cent of its enrolment in 2020-21 to be made up of international students, with many of those students coming from India and China.
Officials now estimate that international student enrolment will be 35 per cent lower than expected, down to 7,300 students from 11,286.
Domestic enrolment is expected to decline by about nine per cent to 32,963 students from an original estimate of 36,438.